Country Financial News

energy crisis. He criticized the current administration for its policies which have burdened the population. The focus of the speech was on controlling inflation, giving relief from high rates of taxation and arresting the energy crisis in the country. The former US President has expressed confidence at winning the upcoming presidential poll in November. He accused the current administration of cancelling of his previous policies during his first term of presidency.

global outage issue has put the world's major services including banking and aircraft operations into a standstill after Microsoft applications and services were unresponsive for users across different countries. The global outage, according to reports, was majorly due to a CrowdStrike issue that prevent Microsoft systems from booting up accurately, with a blue dead screen cropping up.

Amit Shah on Saturday alleged that the largest decline of tribal population in the country is occurring in Jharkhand, and said BJP will bring a white paper on the state's demography if it forms the next government there. Launching a scathing attack on the Hemant Soren-led JMM government ahead of the assembly polls later this year, Shah alleged, «Instead of addressing tribal welfare, a tribal chief minister is disrupting land and demographic balance by purportedly supporting 'land jihad' and 'love jihad' in tribal areas.» He alleged that thousands of infiltrators are marrying tribal girls and acquiring land using falsified certificates.

Imported items sourced from local suppliers and royalties, technical charges paid out of India as well as supply of repackaged or refurbished goods will be excluded from the calculation of local content, an official said. These changes are included in the modified public procurement norms with an objective of giving maximum preference to companies that use higher levels of local content in their products. The government prefers made in India goods in their purchases, which run into lakhs of crores of rupees every year. Major preference in government purchases is given to companies whose goods and services have 50 per cent or more local content, a move aimed at promoting 'Make in India' and making the country self-reliant.

Armed Forces personnel are among the 117 Indian athletes who are all set to make the nation proud at the Paris Olympics, beginning July 26 this year. Among these 24 athletes, 22 are men, including star javelin thrower and Subedar Neeraj Chopra, and two are women, which marks the maiden participation of female service athletes at the Olympics, as per a press release from the Union Ministry of Defence. Neeraj, the 2020 Tokyo Olympics gold medalist and World Athletics Championship gold medalist, will again vie for top honours as his participation in the Paris Olympics comes on the back of exceptional performances that earned him a gold medal each at the 2023 Asian Games, 2023 World Athletics Championships and 2024 Paavo Nurmi Games.

G Kishan Reddy on Saturday launched the National District Mineral Foundation (DMF) portal, a centralised platform to gather information on the District Mineral Foundations across the country. The portal provides details of 645 DMFs in the country with enhanced transparency, featuring centralised visibility of activities, project oversight, and dynamic analytics, as well as a repository of best practices for effective implementation, an official release said. Reddy also launched the Mineral Exploration Hackathon focused on innovative mineral hunt techniques. The hackathon is aimed at promoting use of emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML) for geophysical data, integration of multiple mineral exploration data sets such as baseline data, available exploration data, etc, to identify new mineral targets, particularly for deep seated/concealed ore bodies.

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said in the seven decades of independence, India left behind its former colonial rulers who had «looted» the country for more than two centuries. Speaking at the second regional industry conclave here, he appealed industrialists to invest in Madhya Pradesh, assuring them of ample water and electricity supply. «We have regained our lost glory by leaving behind in 70 to 75 years those who looted us for 250 years....We are back on track. India is the fifth largest economy now,» he said, apparently referring to India replacing the United Kingdom in the pecking order of global economic powerhouses in the fifth spot after the US, China, Germany and Japan.

Union Budget. This time, I want to talk about how to understand the Budget in a very simple way. A country’s Budget is nothing but the plan of how it will meet the expenses and arrange means to achieve them via income sources. A Budget is a financial statement that documents the government’s expected expenditure across all fields for the next year and matches it with the income or receipts expected from various sources.

Microsoft Systems, exchanges and clearing corporations in India functioned without any major impact, a joint media release by exchanges said on Saturday. Out of over 1,400 trading members' ecosystem, there were only 11 trading members who reported disruptions to their operations, the release said. «Overall, exchanges & clearing corporations have not witnessed any significant impact to the trading and clearing activities in the Indian securities market,» the release said, adding that the issues with the affected members were either resolved during the day, or are being resolved.

Union Budget 2024: India's ambitious goal of becoming a developed country by 2047 closely aligns with the growth of its real estate sector. Thanks to its impressive economic surge in recent times, supported by the real estate sector's contributions to urban development, it is anticipated that by 2030, 40% of India's population will reside in urban areas. While other growth indicators are on the rise, India’s real estate industry will play a crucial role in achieving the country's sustainable development goals, given that it accounts for 8% of its GDP. Looking ahead, real estate could serve as the cornerstone of a resilient economy, around which all other factors would revolve.

Donald Trump said Friday he had spoken by telephone with Ukraine leader Volodymyr Zelensky, and pledged to end the European country's war with Russia. «I appreciate President Zelensky for reaching out because I, as your next President of the United States, will bring peace to the world and end the war that has cost so many lives and devastated countless innocent families,» Trump said in a post on his Truth Social platform. «Both sides will be able to come together and negotiate a deal that ends the violence and paves a path forward to prosperity.»

Best of the Week every alternate week, I've realised that there's a cadence to this newsletter. But last weekend broke that mould.One of the more interesting responses came from a friend. She mentioned that my way of writing was termed “creative non-fiction" and that it is a popular category of writing.

China recently presented a ground-breaking advancement in high-speed rail technology, cementing its position as a global leader in the sector. According to Interesting Engineering, the country has unveiled the first carbon fiber-only passenger train in history. Because this train is noticeably lighter than conventional trains, it will help cut pollution tremendously, as per the reports of Yahoo Tech.

A boot camp on a California ranch could help improve internet access on U.S. tribal lands

German Chancellor Olaf Scholz has praised a tentative deal between the European Union and Serbia that paves the way for the disputed excavation of lithium

Wall Street Journal reporter Evan Gershkovich was convicted on Friday of espionage charges in an unusually rapid trial in the country’s highly politicized legal system

Public sector workers in Nigeria on the minimum wage will see their salaries double after the government reached an agreement on Thursday with labor unions that have been threatening further strikes as the cost of living spirals

Transit workers around the country are managing their fear and anxiety over a rise in violent crime on subways and buses

Wall Street Journal reporter Evan Gershkovich has been convicted of espionage charges that his employer and the U.S. vehemently reject

Kenyan President William Ruto has appointed the first 11 members of his Cabinet

A major internet outage affecting Microsoft is disrupting flights, banks, media outlets and companies across the world